Democracy Dies in Darkness

Public companies received $1 billion in stimulus funds meant for small businesses

Nearly 300 public companies have reported receiving loans. Some have returned them.

May 1, 2020 at 2:55 p.m. EDT
Treasury Secretary Steven Mnuchin, Sen. Roy Blunt (R-Mo.) and President Trump at a signing ceremony for the Paycheck Protection Program. (Anna Moneymaker/Pool/EPA-EFE/Shutterstock)

Publicly traded companies have received more than $1 billion in funds meant for small businesses from the federal government’s economic stimulus package, according to data from securities filings compiled by The Washington Post.

Nearly 300 public companies have reported receiving money from the fund, called the Paycheck Protection Program, according to the data compiled by The Post. Recipients include 43 companies with more than 500 workers, the maximum typically allowed by the program. Several other recipients were prosperous enough to pay executives $2 million or more.